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Stock impact report

Enphase Energy Announces Pricing of $60 Million of 4.00% Convertible Senior Notes Due 2023

Enphase Energy, Inc. (ENPH) 
Last enphase energy, inc. earnings: 2/18 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.enphase.com
Company Research Source: GlobeNewswire
PETALUMA, Calif., Aug. 15, 2018 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ:ENPH) (“Enphase Energy” or the “Company”) today announced the pricing of $60 million aggregate principal amount of convertible senior notes due 2023 (the “Convertible Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Additionally, an affiliate of the Company who is a director and stockholder, Thurman John Rodgers, agreed to purchase $5.0 million aggregate principal amount of convertible senior notes due 2023 (the “Affiliate Notes” and together with the Convertible Notes, the “Notes”) in a concurrent private placement. The sale of the Convertible Notes to the initial purchasers is expected to settle on August 17, 2018, subject to customary closing conditions, and is expected to result in approximately $57.6 million in net proceeds to the Company after deducting fees and estimated offering expenses pa Show less Read more
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